CLSA exits Japanese automotive tools retailer
CLSA Capital Partners has exited Worldtool, a Japanese automotive tools retailer that primarily operates under the Astro Products brand, to domestic home improvement chain Royal Homecenter.
The private equity firm acquired a 55% stake in Worldtool in 2015 at an enterprise valuation of JPY10 billion ($82.8 million), investing through its $210 million Sunrise Capital II fund. Daiwa House Group,...
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